Eii Capital Management Inc. bought a new position in shares of Weingarten Realty Investors (NYSE:WRI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,886 shares of the real estate investment trust’s stock, valued at approximately $980,000.
Several other hedge funds have also recently bought and sold shares of WRI. Howe & Rusling Inc. grew its holdings in shares of Weingarten Realty Investors by 913.7% during the 3rd quarter. Howe & Rusling Inc. now owns 3,548 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 3,198 shares during the period. Commonwealth Bank of Australia grew its stake in shares of Weingarten Realty Investors by 3.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,684 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 176 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Weingarten Realty Investors by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 4,916 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 599 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of Weingarten Realty Investors by 80.8% in the 2nd quarter. Flinton Capital Management LLC now owns 5,584 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 2,496 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of Weingarten Realty Investors by 83.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 2,824 shares during the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.
Weingarten Realty Investors (WRI) traded up $0.33 during trading on Thursday, hitting $33.09. The company had a trading volume of 492,900 shares, compared to its average volume of 853,336. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $4,207.32, a P/E ratio of 13.43, a P/E/G ratio of 3.26 and a beta of 0.71. Weingarten Realty Investors has a 52 week low of $29.03 and a 52 week high of $36.82.
Weingarten Realty Investors (NYSE:WRI) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Weingarten Realty Investors had a return on equity of 12.07% and a net margin of 36.86%. The company had revenue of $141.06 million for the quarter, compared to the consensus estimate of $139.72 million. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. research analysts predict that Weingarten Realty Investors will post 2.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 9.07%. This is an increase from Weingarten Realty Investors’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, December 22nd. Weingarten Realty Investors’s dividend payout ratio (DPR) is currently 94.48%.
Several research firms recently weighed in on WRI. Boenning Scattergood upgraded Weingarten Realty Investors from an “under perform” rating to a “neutral” rating in a research note on Thursday. Robert W. Baird restated a “buy” rating and issued a $37.00 price target on shares of Weingarten Realty Investors in a research note on Thursday, August 24th. J P Morgan Chase & Co cut their price target on Weingarten Realty Investors from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Finally, Jefferies Group restated a “hold” rating and issued a $32.00 price target on shares of Weingarten Realty Investors in a research note on Tuesday, August 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.25.
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Weingarten Realty Investors Company Profile
Weingarten Realty Investors is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers.
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